NEW YORK, April 20, 2016 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of PTC, Inc. ("PTC" or the "Company") (NASDAQ: PTC). Such investors are advised to contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz at email@example.com or 212-697-6484.
This investigation concerns whether PTC and certain of its officers and/or directors have violated the Federal Securities Laws under the Securities Exchange Act of 1934 (the "Exchange Act").
On July 9, 2015, PTC announced that it expected a minimum liability of $13.6 million in connection with its investigation into potential Foreign Corrupt Practices Act violations by its Chinese entity, PTC China. Following this news, PTC stock dropped $2.00 per share or about 5%, to close at $38.78 per share on July 10, 2015. On July 29, 2015, post-market, PTC announced it had recorded a minimum liability of $13.6 million in connection with its investigation into PTC China. Again, following this news, PTC stock dropped $1.57 per share or about 4%, to close at $36.23 per share on July 30, 2015. Then, on February 16, 2016, the Department of Justice publicized that it entered into a non-prosecution agreement with PTC China, and that PTC China did not obtain voluntary disclosure or full cooperation credit. Also on February 16, 2016, the Securities and Exchange commission announced a settlement that PTC agreed to pay $11.85 million in disgorgement in addition to the $1.75 million in prejudgment interest related to PTC's failure to retain sufficient internal accounting controls.
If you are aware of any facts relating to this investigation, or purchased shares of PTC, you can assist this investigation by visiting the firm's website: http://www.bgandg.com/#!ptc-1/ayf9t. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | email@example.com
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